An Auditor Selects a Random Sampling of Tag Numbers and Identifies

question 81

Multiple Choice

An auditor selects a random sampling of tag numbers and identifies the tag with that number attached to the actual inventory. The purpose of the procedure is to

• A) obtain proper cutoff information.
• B) uncover the inclusion of nonexistent items as inventory.
• C) determine if the client has adequately priced the inventory item.
• D) verify that the client has not changed the recorded counts after the auditor left the premises.

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Definitions:

Successful Leader

An individual who achieves desired outcomes or goals through the effective management and guidance of others, often characterized by strong leadership qualities and positive impacts.

New-Job Tryout

A period of assessment where an employee is tested on their suitability for a particular position before being fully hired.

Employee Pride

A feeling of self-respect and personal worth that employees feel towards their work or the organization they work for.

Two-Way Tryout

A method used in the selection process where both the organization and the candidate evaluate each other to ensure a good fit.